Other than Fed Chair Janet Yellen urging Congress to “Think carefully on Fed governance,” there were no surprises today from The FOMC (Fed Open Market Committee).
My column for the Village covering the Apple Tax fiasco: http://villagemagazine.ie/index.php/2016/09/not-the-rate-the-loopholes/As it says on the ‘tin’ – the problem with Apple Tax is not the rate of corporate taxation set in law in Ireland (the 1…
We’ve ended up with what I call a mutant form of crony capitalism.
Donald Trump has made repeated calls to remove Fed chair Janet Yellen from office, saying that she should be ‘ashamed’ of what she’s doing to the country. So what exactly would a Trump presidency mean for the Fed and for the markets?
I consider it self-evident that we are in the third and final stage of self-serving Imperial decay.
The Leverage Ratio is not a competition where one wants to be in first place. Just ask Deutsche Bank, the Teutonic Titanic.
With Bank of Japan clearly running out of assets to buy to sustain its continued efforts to further ease money supply, the Bank’s September 20th meeting is likely to be more significant from the markets perspective than the Fed’s. Back in July, Bank of Japan initiated a comprehensive review of its current policy measures. This move was based on two key pressures faced by Tokyo: the complete lack of monetary policy effectiveness and the shortages of assets eligible for BOJ purchases, still remaining in the markets.
This is about Japan’s Central Bank resorting to yield curve control. First, Japan kept their policy balance rate at -0.100%. Second, The Bank of Japan added “yield curve control” to its monetary stimulus arsenal, and pledged to expand the monetary base
You can’t find lazier people than in the mainstream financial press, but its exuberant cheerleading about the purported 5.2% gain in the real median household income in 2015 surely was a new high in mendacity. And we are not talking about the junior varsity here: The Washington Post was typical with a headline of superlatives followed by even…
Marty Fridson, of Standard & Poor’s Global Market Intelligence, reports today that on September 8 the difference between the yield on junk bonds and the company’s estimation of fair value…
